Palm Beach Plantation Community Development District

Amended Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

I

AMENDED FINAL OPERATING FUND BUDGET

II

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Fund Balance Includes Reserve/Contingency ($54,600).
Funds To Be Added To Reserve/Contingency In September 2025. Additional Funds To Be Added To Reserve/Contingency In October 2025.

I

$140,901

$54,600

$86,301

$20,176

$161,077

$105,900

$55,177

FUND BALANCE AS OF 9/30/24

RESERVE/CONTINGENCY BALANCE AS OF 9/30/24

AVAILABLE FUNDS AS OF 9/30/24

FY 2024/2025 FUND BALANCE ACTIVITY

FUND BALANCE AS OF 9/30/25

RESERVE/CONTINGENCY BALANCE AS OF 9/30/25

AVAILABLE FUNDS AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 8/31/25

O & M Assessments

163,668

164,219

164,219

Debt Assessments

479,724

479,906

479,906

Other Income

0

0

0

Interest Income

600

6,800

6,592

TOTAL REVENUES

$	643,992

$	650,925

$	650,717

EXPENDITURES

Supervisor Fees

7,000

5,400

4,400

Payroll Taxes

560

317

237

Reserve/Contingency

51,300

51,300

0

Maintenance/Contingency (EMC Divers, Etc.)

7,500

3,750

0

Engineering/Inspections

10,000

5,000

0

Management

38,136

38,136

34,958

Secretarial

4,200

4,200

3,850

Legal

8,500

8,500

6,320

Assessment Roll

3,000

3,000

0

Audit Fees

3,500

3,500

3,500

Arbitrage Calculation Report Fee

650

650

650

Insurance

7,400

7,202

7,202

Legal Advertisements

1,200

1,200

414

Miscellaneous

850

750

414

Postage

275

70

50

Office Supplies

625

250

179

Dues & Subscriptions

175

175

175

Trustee Fee

4,100

4,080

4,080

Website Management

1,250

1,250

1,146

County Appraiser & Tax Collector Fee

7,500

7,397

7,397

TOTAL EXPENDITURES

$	157,721

$	146,127

$	74,972

REVENUES LESS EXPENDITURES

$	486,271

$	504,798

$	575,745

Bond Payments

(460,535)

(460,535)

(460,535)

BALANCE

$	25,736

$	44,263

$	115,210

Discounts For Early Payments

(25,736)

(24,087)

(24,087)

EXCESS/ (SHORTFALL)

$	-

$	20,176

$	91,123

Carryover From Prior Year

0

0

0

NET EXCESS/ (SHORTFALL)

$	-

$	20,176

$	91,123

AMENDED FINAL BUDGET
PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $236,567*. Revenue Fund Balance = $112,249*. Prepayment Account Balance = $7,120*.
Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payment Of $54,569 and Extraordinary Principal Payment of $20,000.
Prepayment Fund Balance To Be Used To Make 11/1/2025 Extraordinary Principal Payment of $5,000.
* Approximate Amounts

Series 2014 Bond Refunding Information

Original Par Amount = Interest Rate =
Issue Date = Maturity Date =

$5,940,000 3.940%
March 2014 May 2029*

Annual Principal Payments Due: May 1st
Annual Interest Payments Due: May 1st & November 1st

Par Amount As Of 9/30/25 =

$2,770,000

* Principal Payment Amount Due In May 2029 = $1,655,000

II

$353,441

$2,495

$355,936

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET
10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 8/31/25

Interest Income

400

12,000

11,345

NAV Tax Collection

460,535

453,302

453,302

Prepaid Bond Collection

0

4,924

4,924

Total Revenues

$	460,935

$	470,226

$	469,571

EXPENDITURES

Principal Payments

345,000

345,000

345,000

Interest Payments

115,935

122,731

122,731

Extraordinary Principal Payments

0

0

0

Total Expenditures

$	460,935

$	467,731

$	467,731

Excess/ (Shortfall)

$	-

$	2,495

$	1,840